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Tel Aviv Stock Exchange Bi Weekly Review: 12-23 May 2013

TEL AVIV, Israel, May 23, 2013 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) during the last two weeks ended up for all leading TASE indices.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

TA-25

The TA-25 index increased 1.0% over the last two weeks, bringing year-to-date increase to 2.5% .

TA-100

The TA-100 index increased 1.4% over the last two weeks, bringing year-to-date increase to 4.0% .

Government Bonds

This last two weeks the Ministry of Finance (MoF) floated US $0.8 billion government bonds in offerings on the local market. From the beginning of 2013 the MoF raised US $7.5 billion in public bond offerings.

Corporate Bonds

Seven companies raised US $0.4 billion in public bond offerings this last two weeks. Since the beginning of the year the business sector raised US $4.1 billion through bond offerings. Real Estate companies stood out, raising 38% of the total.

Share Offerings

Five companies raised US $80 million in share offerings this last two weeks. Since the beginning of the year the business sector raised US $0.6 billion through share offerings.

BOI Interest Rate

The Bank of Israel lowered the interest rate, for the first time this year, by one quarter of a percent, to 1.5%, starting 17 May 2013.

CPI Index

Figures released by the Central Bureau of Statistics indicate that in April 2013 the Consumer Price Index increased 0.4%, bringing the total for the first trimester to 0.4%, after an increase of only 1.6% for the entire 2012 year.

Growth Rate

Figures released by the Central Bureau of Statistics indicate that economic growth came to 2.8% (annualized) in the first quarter of 2013, compared to 2.6% in the previous quarter and 2.8% in the third quarter of 2012.

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